Brasilia – The seasonally adjusted Index of Economic Activity of the Central Bank (IBC-Br) shows a 0.02% climb in October compared to September according to data published this Monday (17). Compared to October 2017, there was a 2.99% growth on the unadjusted data.
Over 12 months until October, the indicator had a 1.54% expansion. On 2018 until October, there was an 1.40% growth.
IBC-Br is a way to assess the evolution of Brazilian economic activity. The indicator was created by the Central Bank in order to approximate the evolution of economic activity. However, the official indicator is the Gross Domestic Product (GDP), calculated by the Brazilian Institute of Geography and Statistics.
Translated by Guilherme Miranda